SBP Plans Low-Cost Housing Scheme for Disabled, Widows & Transgender

The State Bank of Pakistan (SBP) is planning to launch a low-cost housing scheme for widows, children of martyrs, special persons, transgender citizens and people severely affected by terrorism.

In this regard, the beneficiaries of the scheme will get a financing facility of up to Rs. 2.7 million from Islamic banks and Islamic banking divisions for housing units with a maximum limit of Rs. 3 million.

The beneficiary will be required to buy a plot and construct a house on it but they should be first time owners and should never have availed any financing facility from any bank and financial institution.

The beneficiaries will repay the amount of financing in the next 12 and a half years including a maximum grace period of six months. The repayment of the amount will be made with a 5 percent additional amount.

The central bank has sought the interest of Islamic banks to participate in the long-term scheme of financing facility. It will assign yearly limits which shall be allocated to individual banks/DFIs under the scheme.

Under this facility, Mudarabah investment of SBP shall be available for up to 100% of the amount financed to eligible customers. SBP shall make Mudarabah investment in the general pool of the Islamic banks.

The incumbent government is working aggressively for providing low-cost housing to the people as it set a target for 5 million housing units in five years. The low-cost financing facility not only will bode well for the public but it will give a business opportunity to Islamic banks which are always in search of investment avenues. This scheme is long-term but a little risky for banks too.

The government should set up a regulatory body to ease the process of purchasing a house with an integrated and one-window system of land record and registration, this will create an ecosystem for banks to come forward easily for such schemes.


  • A great initiative for geriatrics, dis-abled, to legitimise their belongings of land recovered from the land mafia which grabbed land by fake/counterfeit measures. The Land Record Management of the World Bank initiative of the WBG, Washington D.C., assisted SBR to carry forward. Thanks for the Govt., and our disabled.

  • Honourable sir i want to get loan for construction of my house. PLEASE help us about this scheme

  • I am service man in pakistan army and want to get loan for construction of my house. PLEASE help us through this scheme otherwise i can not construct of house in my life. I will pay the monthly instalment on regularly basis.

  • Dear sir
    I am Disable and I want to purchase & construct my own house for my family how can I get loan please.


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